Posts tagged ‘increase revenue’

“Given the dynamism in the logistics technology segment, and the volatile pace of change across the global economy, it’s impressive to see Argos Software providing the kinds of solutions Inbound Logistics readers want and need. It’s tough to keep up with customer demands in any environment, but the speed with which change is happening is a testament to Argos Software’s ability to keep pace and anticipate customers’ ever-evolving requirements. For that reason, Inbound Logistics editors have recognized Argos Software as one of 2014’s Top 100 Logistics IT Providers.” Felecia Stratton, Editor, Inbound Logistics.

Methodology

Drawn from a pool of more than 300 companies, using questionnaires, personal interviews, and other research, Inbound Logistics selected the Top 100 Logistics IT Providers who are leading the way in 2014. Companies like Argos Software reflect leadership by answering Inbound Logistics readers’ needs for scalability, simplicity, fast ROI, and ease of implementation.

About Argos Software

“Argos Software has been providing a proven Warehouse Management System (WMS) and Freight Management System (FMS) to the 3PL industry since 1985. The ABECAS Insight solution is a powerful, customizable and flexible system that is integrated with all operational modules and can be interfaced with external business systems. Our users range from distribution warehouses providing storage, handling and other services to high volume fulfillment warehouses.” says Geoff Hukins, Executive Director of Argos Software.

Since its inception in 1981, Inbound Logistics’ educational mission is to illustrate the benefits of demand-driven logistics practices, give companies the knowledge to help them match the inbound flow of materials to their demand, and align their business process to support that shift. Inbound Logistics offers real-world examples and decision support to guide businesses to efficiently manage logistics, reduce and speed inventory, and offset rising transport costs, supporting business scalability across their value chain. More information about demand-driven logistics practices is available atwww.inboundlogistics.com.

2014 THIRD-PARTY LOGISTICS STUDY

Cap Gemini, Penn State University, Korn Ferry, Eyefortransport and Penske have sponsored this 18th annual “State of Logistics Outsourcing” study. I commend the study to you.

The report highlights the healthy relationship that exists between manufacturers and providers. Shippers indicated an average logistics cost reduction of 11% and a general satisfaction with outsourcing.

There is both good and bad news in the report for 3PL’s. 55% of shippers select 3PL’s based on their ability to provide continuous improvement, 49% look for experience in the shipper’s vertical.

42% see established and ongoing relationships as important selection criteria. Interestingly, many shippers are moving more to contract bids and shorter contract periods to leverage competition among 3PL’s which is at odds with the notion of ‘relationships’.

Leadership is also seen as vital and shippers will, increasingly, look to the quality of the leaders in a 3PL operation in making selection decisions.

As it has been the case for many years, IT capabilities continue to be at the forefront when making selection decisions. The study states:

“…. our research also finds that 3PL IT capabilities are becoming increasingly important to shippers ….”

Visibility and connectivity are required attributes of today’s supply chain partners and your systems will come under greater scrutiny than ever.

As a 3PL this report will provide a wealth of intelligence and allow you to strategically position yourself to retain and grow your business. The report can be found here.

For many years the International Warehouse Logistics Association has held an annual IT conference. This year the conference is being held in Chicago over Nov. 6-8. Details of the conference can be found here.

At $299 (IWLA Members) per attendee this educational event provides a fantastic ROI. Non-members are also welcome and I recommend the conference to you for your IT and operations staff.This event is for everyone in the warehouse who touches technology or oversees any aspect of operations. Of course, C-level executives who direct operations and technology employees will also reap benefits by attending. Be sure you’re there to network with these warehouse-based 3PL leaders and to learn more about the future of your trade association.

As a board member of the association I can attest to the value of both the association itself and the educational offerings provided for members. I look forward to seeing you, and your key IT and operations players, in Chicago in November.